McDonald’s Co. (NYSE:MCD) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,377 shares of the fast-food giant’s stock after acquiring an additional 296 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in McDonald’s were worth $7,646,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter valued at about $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MCD shares. BMO Capital Markets increased their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $320.78.

McDonald’s Trading Up 0.3 %

Shares of NYSE MCD opened at $285.37 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a 50-day moving average of $291.07 and a two-hundred day moving average of $288.14. The company has a market capitalization of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.19 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current year.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,905 shares of company stock worth $2,592,327. Insiders own 0.23% of the company’s stock.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.